Documentary letters of credit are internationally recognised instruments that help ensure the creditworthiness and payment of the overseas parties you’re trading with. It’s essential as an exporter that you’re able to minimise the financial risk to your business.

Earlier this month, the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) released the long-anticipated definition of a swap. As expected by the majority of industry participants, the SEC and CFTC sided with the wording in the Dodd